Nothing, a brand new shopper expertise enterprise by OnePlus co-founder Carl Pei, on Tuesday stated will permit most people to speculate USD 1.5 million (about 11 crore) within the firm.

Earlier this month, the London-based firm had introduced elevating USD 15 million (about 109.3 crore) in funding led by GV (previously Google Ventures).

“After having raised a complete of USD 22 million, the corporate will permit most people to speculate a complete of USD 1.5 million, on the identical valuation as their Sequence A funding led by GV (previously Google Ventures),” a press release stated.

Nothing plans to elect one of many crowdfunding buyers as a neighborhood board member, it added. Following this neighborhood funding spherical, buyers could have entry to Nothing’s personal neighborhood by means of which they are going to get unique advantages and insights into the corporate, it stated.

Additionally learn: Carl Pei’s Nothing now owns Andy Rubin’s Essential

Final month, Nothing had stated it will unveil its first good units within the first half of this yr. The corporate has additionally raised funding from tech leaders and buyers comparable to Casey Neistat (YouTube character and Beme co-founder), Twitch co-founder Kevin Lin, Reddit CEO Steve Huffman and Indian entrepreneur and CRED founder Kunal Shah.

“We wish our neighborhood to be a part of our journey from the very begin and play an energetic function in it. As a part of this course of, we’ll even be electing a neighborhood member to our board of administrators, in order that we’re all the time saved in test, and reminded of what customers need,” Carl Pei, CEO and Co-founder of Nothing, stated. Pre-registrations to the financing will open on February 16.

Nothing has stated it intends to make use of the proceeds from the funding to broaden its crew and operations, additional put money into R&D, in addition to launch its neighborhood and first merchandise within the coming months.



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